Re/Max (NYSE:RMAX) issued its earnings results on Thursday. The financial services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.06, Bloomberg Earnings reports. Re/Max had a return on equity of 70.42% and a net margin of 11.45%. The business had revenue of $71.40 million for the quarter, compared to analysts’ expectations of $72.26 million. During the same period in the previous year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. Re/Max updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.

NYSE:RMAX traded down $0.60 during trading hours on Friday, reaching $28.23. 569,159 shares of the stock were exchanged, compared to its average volume of 248,683. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a 50-day simple moving average of $30.46. Re/Max has a twelve month low of $25.68 and a twelve month high of $51.25. The stock has a market cap of $516.29 million, a P/E ratio of 13.98 and a beta of 1.16.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, August 13th. Re/Max’s dividend payout ratio (DPR) is 41.58%.

A number of research analysts recently commented on RMAX shares. TheStreet cut Re/Max from a “b-” rating to a “c+” rating in a report on Tuesday, May 28th. Compass Point upgraded Re/Max from a “neutral” rating to a “buy” rating in a report on Monday, July 8th. Craig Hallum cut Re/Max from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a report on Friday, May 3rd. ValuEngine upgraded Re/Max from a “strong sell” rating to a “sell” rating in a report on Thursday. Finally, Zacks Investment Research cut Re/Max from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $46.83.

In other news, Director David L. Liniger purchased 90,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were bought at an average cost of $32.34 per share, for a total transaction of $2,910,600.00. Following the completion of the purchase, the director now directly owns 263,911 shares of the company’s stock, valued at $8,534,881.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gail A. Liniger purchased 47,500 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $32.03 per share, for a total transaction of $1,521,425.00. Following the completion of the purchase, the director now directly owns 165,004 shares of the company’s stock, valued at $5,285,078.12. The disclosure for this purchase can be found here. Insiders have acquired 446,380 shares of company stock worth $13,990,354 over the last 90 days. 0.52% of the stock is owned by insiders.

About Re/Max

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.